Matthew Ellis, Matt Jacobs, Guy Penini & Sam Kuiumdjian Acquire Multifamily Asset In Hayward For $34M
SOLD
$34,000,000
California
See Similar DealsMultiFamily239,471 SF
Sold 05/01/2024
SOLD
Matthew Ellis, Matt Jacobs, Guy Penini & Sam Kuiumdjian Acquire Multifamily Asset In Hayward For $34M
2191 West Tennyson Road
See Similar DealsMultiFamily239,471 SF
Sold 05/01/2024
Summary
CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$142
Total Square Footage:239,471 SF
Transaction Type:Sale
The asset involved in this transaction is a multifamily property located at 2191 West Tennyson Road in Hayward. The sale price for the property was $34,000,000, comprising 252 units and a total square footage of 239,471. The price per unit stands at $134,921, and the price per square foot is documented at $142.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $34,000,000
- Units: 252
- Total Square Footage: 239,471
- Price Per Unit: $134,921
- Price Per Square Foot: $142
- Buyer: Matthew Ellis, Matt Jacobs, Guy Penini & Sam Kuiumdjian - BLDG Partners
- Seller: Volunteers Of America
- Broker: Mike Canori - CBRE
The transaction involved notable individuals, with the buyer represented by Matthew Ellis, Matt Jacobs, Guy Penini, and Sam Kuiumdjian from BLDG Partners. The seller was Volunteers Of America, while the broker facilitating the deal was Mike Canori from CBRE.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,813,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$120,794.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$161,177.35
Annual Debt Service$1,934,128.15
Is there something missing? Send suggestions